Oklo (NYSE:OKLO) Now Covered by Wedbush

Analysts at Wedbush initiated coverage on shares of Oklo (NYSE:OKLO) in a report issued on Thursday, Marketbeat reports. The brokerage set an “outperform” rating and a $26.00 price target on the stock. Wedbush’s price target suggests a potential upside of 41.46% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. B. Riley began coverage on shares of Oklo in a research note on Thursday, September 19th. They set a “buy” rating and a $10.00 target price on the stock. Citigroup dropped their price objective on Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Finally, Seaport Res Ptn upgraded Oklo to a “hold” rating in a research report on Friday, September 6th.

Oklo Stock Performance

Oklo stock opened at $18.38 on Thursday. The stock’s 50 day simple moving average is $20.26 and its two-hundred day simple moving average is $12.33. Oklo has a 12 month low of $5.35 and a 12 month high of $28.12.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in OKLO. Barclays PLC purchased a new position in Oklo in the 3rd quarter valued at approximately $58,000. Y Intercept Hong Kong Ltd purchased a new position in Oklo in the third quarter valued at $94,000. Peapack Gladstone Financial Corp acquired a new position in Oklo during the 3rd quarter worth $100,000. Sanctuary Advisors LLC acquired a new stake in Oklo in the 3rd quarter valued at about $100,000. Finally, MML Investors Services LLC purchased a new position in shares of Oklo in the 3rd quarter valued at about $104,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Oklo Company Profile

Oklo Inc designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.